CERUS CORP (CERS): debt financing — Cerus enters $65M term loan and $30M revolver, refinancing existing debt

CERUS CORP

New term loan facility up to $65M; initial $35M drawn to refinance portion of existing term loan.
Additional tranche of $30M available subject to lender approval for working capital.
New revolving credit facility of $30M (expandable to $45M) with $29.9M drawn at closing.
Term loan bears interest at SOFR+5.5% (floor 1%); revolver at SOFR+3.7% (floor 1%).
Existing Amended and Restated Credit Agreements terminated and replaced as of June 5, 2026.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

CERUS CORP incurred credit facility of up to $65.0 million with MidCap Financial Trust at Term SOFR rate (subject to a floor of 1.00%) plus 5.50%.

Instrument: credit facility
Principal: up to $65.0 million
Counterparty: MidCap Financial Trust
Rate: Term SOFR rate (subject to a floor of 1.00%) plus 5.50%
Event: incurrence

Exact text from the filing

The Term Loan Credit Agreement provides a secured term loan facility in an aggregate principal amount of up to $65.0 million.

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

CERUS CORP incurred revolving credit of up to $30.0 million with MidCap Funding IV Trust at Term SOFR rate (subject to a floor of 1.00%) plus 3.70% maturing June 1, 2031.

Instrument: revolving credit
Principal: up to $30.0 million
Counterparty: MidCap Funding IV Trust
Rate: Term SOFR rate (subject to a floor of 1.00%) plus 3.70%
Maturity: June 1, 2031
Event: incurrence

Exact text from the filing

The Revolving Loan Credit Agreement provides a secured revolving credit facility in an initial aggregate principal amount of up to $30.0 million.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

CERUS CORP amended Second Amended and Restated Credit, Security and Guaranty Agreement (Revolving Loan) with MidCap Funding IV Trust, as agent and a lender valued at up to $30.0 million (effective 2026-06-05).

Action: amendment
Agreement: credit facility
Counterparty: MidCap Funding IV Trust, as agent and a lender
Value: up to $30.0 million
Effective: 2026-06-05

Exact text from the filing

(ii) a Second Amended and Restated Credit, Security and Guaranty Agreement (Revolving Loan) (the “Revolving Loan Credit Agreement,” and together with the Term Loan Credit Agreement, the “Credit Agreements”), by and among the Company, the lenders party thereto from time to time and MidCap Funding IV Trust, as agent and a lender, which amended and restated the Company’s existing Amended and Restated Credit, Security and Guaranty Agreement (Revolving Loan), dated as of March 31, 2023, as amended

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

CERUS CORP amended Second Amended and Restated Credit, Security and Guaranty Agreement (Term Loan) with MidCap Financial Trust, as agent and a lender valued at up to $65.0 million (effective 2026-06-05).

Action: amendment
Agreement: credit facility
Counterparty: MidCap Financial Trust, as agent and a lender
Value: up to $65.0 million
Effective: 2026-06-05

Exact text from the filing

On June 5, 2026, (the “Closing Date”), Cerus Corporation (the “Company”) entered into (i) a Second Amended and Restated Credit, Security and Guaranty Agreement (Term Loan) (the “Term Loan Credit Agreement”), by and among the Company, the lenders party thereto from time to time (the “Term Loan Lenders”) and MidCap Financial Trust, as agent and a lender, which amended and restated the Company’s existing Amended and Restated Credit, Security and Guaranty Agreement (Term Loan), dated as of March 31, 2023, as amended

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289 debt financings filed in the last 30 days. Browse all debt financings →

CERUS CORP filing history →

Source: SEC EDGAR

accession 0001193125-26-261794

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